HDFC Bank: Approaching Long term top
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HDFCBANKThe impulse that started in early February is nearing completion.
We are already seeing signs of RSI divergence on daily charts.
More importantly, it is also completing 5 wave cycle, as seen on this weekly chart.
Most likely scenario is that we will see a final spike to 1260-80 zone followed by an extended downturn.
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Exit longs in HDFC Bank注释
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